This week its all about the General Election on Thursday and the shape of the new government come 9 June. Ahead of the election we're publishing our flagship 2017q2 Manufacturing Outlook report this morning, while on Friday we get a taster of the performance of UK manufacturing in April with the release of Index of Production and UK trade statistics:
All eyes on the General Election
This week's big event is no doubt the snap General Election on Thursday. While early polls suggested a landslide for the Conservative party, recent results have been more mixed. While we don't know which party will end up in Whitehall on Friday, we do know what we like and don't like about the Tory, Labour and Lib Dem manifestos.
UK manufacturing riding the global upswing
Our 2017q2 Manufacturing Outlook report continues to paint a positive picture for the manufacturing sector. All our output, orders and employment indicators remain firmly in positive territory, prompting us to revise upwards our forecasts for manufacturing growth for both this year and next. Stay tuned for Lee’s blog later today where’s she’ll pick out the key highlights from the report.
Hard data on output and trade on Friday
On Friday, the ONS will release Index of Production and trade data for April, giving us an indication of how manufacturing started the second quarter of the year. We expect output to continue to make gains in line with healthy survey data, while manufactured exports should continue to build on their strong performance over the past few quarters.